Role in IT decision-making process:Align Business & IT GoalsCreate IT StrategyDetermine IT NeedsManage Vendor RelationshipsEvaluate/Specify Brands or VendorsOther RoleAuthorize PurchasesNot Involved

Work Phone:

Company:

Company Size:

Industry:

Street Address

City:

Zip/postal code

State/Province:

Country:

Occasionally, we send subscribers special offers from select partners. Would you like to receive these special partner offers via e-mail?YesNo

Your registration with Eweek will include the following free email newsletter(s):News & Views

By submitting your wireless number, you agree that eWEEK, its related properties, and vendor partners providing content you view may contact you using contact center technology. Your consent is not required to view content or use site features.

By clicking on the "Register" button below, I agree that I have carefully read the Terms of Service and the Privacy Policy and I agree to be legally bound by all such terms.

C-Level IT Execs Believe Industry in for More Than a Year of Downturn: Survey

Increasing regulation, such as Sarbanes-Oxley and HIPAA--which are very costly to enterprises--and the stagnation in IPO activity are also important factors, the survey director said. However, only 32 percent of tech execs believe the current crisis will eclipse the 2000 tech crash.

A survey of C-level technology executives revealed Oct. 20 that a substantial majority believe that the industry is currently being hit-and will continue to be hit-especially hard by the downturn in the U.S. macroeconomy and that it is not a short-term situation.DLA Piper, an international law firm that does venture capital and intellectual property work in the tech sector, released results of the survey a day ahead of its annual tech summit in East Palo Alto, Calif."Like just about anything else, people looked at this survey as the glass as either being half-full or half-empty," DLA Piper's Peter Astiz, coordinator of the survey, told me. "Responses varied on the perspective of the individual, and that's to be expected."DLA Piper distributed the survey questions in late September and early October 2008 to senior executives at a broad cross-section of technology and venture capital companies.Thirty-seven percent of respondents identified themselves as a CEO, president or managing director. Forty-four percent work for companies with fewer than 1,000 employees, and 28 percent work for companies with 5,000 to 10,000 employees.The current financial crisis is not the only major driver in some of the responses in the survey, Astiz said."Increasing regulation, such as Sarbanes-Oxley and HIPAA [Health Insurance Portability and Accountability Act]-which are very costly to enterprises-and the stagnation in IPO activity are also factors to be reckoned with," Astiz said.